The language in the fine print is a bit confusing and I was wondering how do we actually calculate something like this: https://imgur.com/fglADKp
Are these types of lease offers any good? I’ve been negotiating with a dealer and I wanted to know if this offer is any better but I can’t seem to figure out what I’m actually paying with the lease offer above.
To clarify, I’m not actually just paying $169+tax per month with $2,349 total DAS right? In the details it says that the DAS includes first month payment + cap cost reduction + $675 acq fee. Is it safe to assume the cap cost reduction is roughly $2,349 - $675 - $169?
We really need the residual % and money factor to figure this out. That kind of ad special is usually beatable, anyway. In CA, tax is based on the city of the lesse, license is fairly constant across the state, but it’s a percentage of the selling price + a flat amount road repair fee (which varies with price bracket of the car). The only dealer fees in CA should be an $80 documentation fee, an approximate $29 DMV electronic filing fee, and $1.75/tire (either $7 or $8.75) fee.
Okay- don’t know anybody in SoCal. You should assume you can do better than the VW advertised special and figure out what model Passat you want. Get the residual and money factor for that car and we can plug it in the lease calculator.
If you want to compare apples to apples, get quotes on a specific model with $0 down and the number of months and miles/year you want. Look at the payment as a percentage of the MSRP to measure it’s attractiveness.
